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Graphite India hits two-month low; down 10% in four trading sessions

Graphite India has underperformed the market by falling 24% from its recent high of Rs 1,009 on November 11, as compared to a 1.5% rise in the S&P BSE Sensex.

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SI Reporter Mumbai
Shares of graphite electrode manufacturer Graphite India dipped 4% to Rs 765, falling 11% in the past four trading days, after Karnataka State Pollution Control Board (KSPCB) renewed the consent for operation of its electrode plant in Bengaluru for a period up to June 30, 2020, but with the condition to shift the unit from the existing location.

The stock was trading at its lowest level on October 8, 2018. It is nearing to its six-month low market price of Rs 723 on BSE.

Graphite India has underperformed the market by falling 24% from its recent high of